Abu Dhabi / WAM Abu Dhabi National Oil Company (Adnoc) together with its long-standing partner Borealis AG on Tuesday announced the successful completion of the bookbuild and public subscription process for the initial public offering (IPO) of Borouge plc, their petrochemicals joint venture, on the Abu Dhabi Securities Exchange (ADX). The offering of 3,005,769,158 ordinary shares (offer shares), equivalent ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) signed an MoU with Eutelsat, the French global satellite operator, to provide technical support for Dewa’s Space-D programme and Dewa’s 3U nanosatellite Dewa-SAT1. The cooperation aims to explore the potential integration of Eutelsat Earth Low Orbit (ELO) satellites with the Space-D programme and expand the fleet of nanosatellites for both ...

  DUBAI / WAM Investment Corporation of Dubai (ICD) announced on Tuesday its consolidated financial results for the year ended December 31, 2021, having generated revenues of AED169.4 billion and reported a net profit of AED10.1 billion, a significant turnaround from last year as business recovery accelerated. Revenues were AED169.4 billion, up 24.5 percent compared to the prior year, driven ...

  DUBAI / WAM The Dubai Building Permit Development Committee has completed the unified electronic platform for building permits, which includes building permit services of all licensing authorities in Dubai. The platform is set to provide distinguished services to consultancy offices and contracting companies. The committee, which was formed by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and ...

  Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received a phone call from the President of the People’s Republic of China, Xi Jinping, during which, the Chinese president offered his condolences to His Highness and the Emirati people on passing of Sheikh Khalifa bin Zayed Al Nahyan. President Xi also highlighted the historic relations ...

  Dubai / WAM The Comprehensive Economic Partnership Agreement (CEPA) signed between the UAE and Israel will help support the global supply chain and food security, a top official told the Emirates News Agency (WAM). “This CEPA comes at a critical time for the global economy. The world is beginning to emerge from the global pandemic, but challenges remain, not ...

  Abu Dhabi / WAM Orna Barbivay, Israeli Minister of Economy and Industry, said that the Comprehensive Economic Partnership Agreement (CEPA) between Israel and the UAE will enable both countries to manufacture better products and offer better services at a lower price, that will help build lasting business partnerships for a better future. In an interview with the Emirates News ...

  Abu Dhabi / WAM In line with Abu Dhabi University’s (ADU) ‘Vision 2027’ to provide graduates and students with the knowledge, skills and mindset to become leaders of tomorrow, ADU is hosting its annual career fair at its main campus on June 1-2. Organised by ADU’s Employability and Alumni Relations Office, the career fair seeks to support student and ...

Dubai / WAM Emirates Central Cooling Systems Corporation (Empower) has announced the full swing operation of its fourth district cooling plant in the Business Bay region, Dubai. The company stated that the total production capacity of the new plant had reached 50,000 refrigeration tons (RT), bringing the total capacity of Empower’s Business Bay district cooling project to more than 185,000 ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa) signed an MoU with Eutelsat, the French global satellite operator, to provide technical support for Dewa’s Space-D programme and Dewa’s 3U nanosatellite Dewa-SAT1. The cooperation aims to explore the potential integration of Eutelsat Earth Low Orbit (ELO) satellites with the Space-D programme and expand the fleet of nanosatellites for both ...